Nera Capital secures £20m funding line from Fintex Capital

Litigation funding specialist Nera Capital has partnered with investment firm Fintex Capital for an initial £20m investment.

The partnership marks a significant milestone for both companies as demands for law firm financing are growing.

Through this investment, Nera Capital will be able to expand its reach and diversify its funding sources, which enables it to bring the benefits of capital and expertise to a wider set of consumers.

Read more: Nera Capital nets €150m investment

For Fintex, this is the third UK funding line of around £20m. The investment was fully funded by Fintex Capital’s flagship fund, Fintex Private Debt.

“This granular, insurance-backed financing provides vital funding to consumers when they need it most,” said Fintex Capital chief executive Robert Stafler. “It enables them and their lawyers to bring justice to families who, without Nera’s support, would be unable to seek redress.”

Read more: Fintex Capital provides additional mezzanine finance to ThinCats

“Along with being better positioned to ensure justice remains accessible, even against the most formidable adversaries, the additional funding line increases Nera Capital’s diversification,” added director of Nera Capital, Aisling Byrne.

“We have also now successfully underwritten our operations through a number of heavyweight institutional lenders, and this latest infusion of capital allows us to explore new avenues within the litigation finance market.”

For the investment, Nera Capital was advised by Walker Morris, Mason Hayes & Curran, and Copsey Murray Chartered Accountants.

Fintex Capital was advised by Fox Williams and Mason Hayes & Curran.

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